Below are our Buy calls for Wednesday, 23 December, as follows:
MercadoLibre Inc. (NASDAQ:MELI) was raised to Buy from Hold at Santander. The 52-wk trading range for the South America–based online commerce giant is 422.22 – 1727.97, and the consensus price target is 1420.73.
Pioneer Natural Resources Co. (NYSE:PXD) was raised from Hold to Buy with a 135 price target at Truist Securities. That compares with a 131.61 consensus target. The stock is trading a 110.89 pre-market Wednesday.
Steel Dynamics Inc. (NYSE:STLD): the recent pullback in this hot sector is a steal as I noted early this month in Cash Pile 9.0. Shares have a consensus price target at 38.45
Have a healthy Happy Christmas week, Keep the Faith!